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Brazil's Parana ports handle record cargo in Aug

  • Market: Agriculture, Fertilizers
  • 16/09/24

The Paranagua and Antonina ports, in Brazil's southern Parana state, handled a record amount of cargo in August thanks to increased fertilizer imports.

The two ports handled 6.9mn metric tonnes (t) of cargo in August, up by 14pc from the same month in 2023 and above the prior record of 6.6mn t in June, according to Parana's port authority data.

That also surpassed July's handling by 20pc.

Imports totaled 2.5mn t last month, a 41pc hike from August 2023 and above the 2.2mn t handled in July.

Fertilizer imports increased by 59pc to 1.2mn t in August from a year before and were 29pc — or 265,170t — above the prior month's imports.

Exports reached 4.4mn t, up from 4.3mn t in August 2023 and a near 27pc increase from July's exports.

Soybean shipments rose by 10pc to 1.9mn t in August from the same month last year. That was also above the 1.3mn t exported in the previous month.

Corn exports decreased by 77pc to 72,900t, down from 316,430t shipped in August 2023 and almost in line with July's exports.

Exports of bulk sugar increased by 34pc to 836,430t last month from the same period a year ago. That was also up by 77pc from July's exports.

Parana ports handled 46.4mn t in January-August, up by 10pc from the same period in 2023, also boosted by higher imports.

Imports increased by 23pc to 17.2mn t. Fertilizer imports rose by 14pc to 6.9mn t, up from 6mn t in January-August 2023.

Exports totaled 29.2mn t, a 4pc increase from the same eight months last year.

Soybean shipments rose by 11pc to 11.2mn t in the period, while corn exports dropped by 80pc to 581,730t from the same eight-month period in 2023.

Wheat exports in January-August more than tripled to 171,830t from the same period a year before. Sugar shipments increased by 46pc to 4.2mn t.


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14/07/25

India signs phos agreements: Update

India signs phos agreements: Update

Adds Ma'aden's involvement in the five-year deal with Saudi Arabia in paragraph six of that section. London, 14 July (Argus) — Several Indian fertilizer importers have secured more Saudi DAP/NPS and Moroccan DAP and TSP through offtake agreements. The agreements come at a time when India has struggled to maintain comfortable DAP inventories, largely because of a lack of supply from China, which has drastically reduced its phosphates exports this year. Indian DAP stocks fell throughout June to begin July well below typical levels, at about 1.56mn t, provisional data show. Five-year deal with Saudi Arabia Indian importers IPL, Kribhco and Coromandel have signed an offtake agreement with Saudi Arabia for 3.1mn t/yr of phosphates over the coming five years. The quantity will mostly be DAP but also includes NPS. The deal covers five years starting from India's 2025-26 fiscal year (April-March), and includes an option for a five-year extension. The delegations discussed developing customised fertilizers specifically for India and have established a joint working group to explore long-term collaboration. The cargoes will be priced on a spot basis. The agreed quantity will surpass the 1.88mn t of DAP and 250,000t of NPS — totalling 2.13mn t — that India imported from Saudi Arabia over the 2024 calendar year, according to Argus line-up data. Most of the product will come from Saudi Arabia's largest phosphates producer, Ma'aden. The agreement stands as an additional memorandum of understanding (MoU) between Ma'aden and its regular Indian private and public-sector offtakers, with whom Ma'aden has existing MoUs including for supply and product development. Additional DAP, TSP from Morocco's OCP Six Indian importers have signed another agreement with Moroccan producer OCP for the supply of DAP and TSP up to the end of the current calendar year, Argus understands. This brings the total agreed quantities between Morocco and India to 1.5mn t of DAP and 1mn t of TSP. The latest agreement is for an additional 300,000t of DAP and 200,000t of TSP, adding to the 1.2mn t of DAP and 800,000t of TSP agreed in April . The cargoes will be priced on formula. The importers are IPL, NFL, Hurl, PPL, RFC and Fact. OCP did not comment on the deal. India has imported 730,000t of DAP and 285,000t of TSP from Morocco since the beginning of April. India has so far not taken TSP from any other origin since it began importing the product in June 2024. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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News

India signs phos agreements with Saudi Arabia, Morocco


14/07/25
News
14/07/25

India signs phos agreements with Saudi Arabia, Morocco

London, 14 July (Argus) — Several Indian fertilizer importers have secured more Saudi DAP/NPS and Moroccan DAP and TSP through offtake agreements. The agreements come at a time when India has struggled to maintain comfortable DAP inventories, largely because of a lack of supply from China, which has drastically reduced its phosphates exports this year. Indian DAP stocks fell throughout June to begin July well below typical levels, at about 1.56mn t, provisional data show. Five-year deal with Saudi Arabia Indian importers IPL, Kribhco and Coromandel have signed an offtake agreement with Saudi Arabia for 3.1mn t/yr of phosphates over the coming five years. The quantity will mostly be DAP but also includes NPS. The deal covers five years starting from India's 2025-26 fiscal year (April-March), and includes an option for a five-year extension. The delegations discussed developing customised fertilizers specifically for India and have established a joint working group to explore long-term collaboration. The cargoes will be priced on a spot basis. The agreed quantity will surpass the 1.88mn t of DAP and 250,000t of NPS — totalling 2.13mn t — that India imported from Saudi Arabia over the 2024 calendar year, according to Argus line-up data. Additional DAP, TSP from Morocco's OCP Six Indian importers have signed another agreement with Moroccan producer OCP for the supply of DAP and TSP up to the end of the current calendar year, Argus understands. This brings the total agreed quantities between Morocco and India to 1.5mn t of DAP and 1mn t of TSP. The latest agreement is for an additional 300,000t of DAP and 200,000t of TSP, adding to the 1.2mn t of DAP and 800,000t of TSP agreed in April . The cargoes will be priced on formula. The importers are IPL, NFL, Hurl, PPL, RFC and Fact. OCP did not comment on the deal. India has imported 730,000t of DAP and 285,000t of TSP from Morocco since the beginning of April. India has so far not taken TSP from any other origin since it began importing the product in June 2024. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

News

Chile sulacid prices decouple from global dynamics


14/07/25
News
14/07/25

Chile sulacid prices decouple from global dynamics

London, 14 July (Argus) — Chilean sulphuric acid prices have resisted to reflect current market tightness at key supply regions as subdued demand and a large number of vessels arriving at Mejillones have resulted in a well-supplied market. Chilean delivered prices have once again decoupled from the international market, as these were last assessed at $175-180/t cfr on 10 July, on a deal concluded for a 15,000t acid cargo for arrival in the third quarter to Mejillones. Notionally, delivered prices should be at and above $190/t cfr, in line with the latest prices for Chinese volumes sold for September and current freight rates to Chile. The latest Chinese cargoes were concluded in the mid-$90s/t for September loading, and with freight rates nearing the mid-$90s/t for a 30,000t cargo from China to Chile, theoretical prices are well below the most recent concluded deal confirmed last week. But buyers are resisting higher offers and appear to be only willing to enter the market to secure opportunistic cargoes. There is still unfulfilled demand expected for arrival in the fourth quarter, but it is not clear when fresh demand will emerge due to the current market availability at the port and slightly lower consumption by key buyers. There are seven vessels awaiting to discharge at Mejillones, one of which is the PVT Clara , which has been waiting since 13 June, carrying 19,000t of acid from Eti Bakir in Turkey. Additionally, some unusual trade flows have been seen at neighbouring countries, which traditionally ship most of their excess acid to Chile, with the most notable example being the Eva Fuji , which sailed with 20,000t from the Southern Peru Copper Corporation's Ilo smelter and is currently heading to Morocco's Jorf Lasfar port. A well-supplied market last year and logistical issues at Mejillones in April led to a Peruvian cargo being re-directed from its original destination to a couple of buyers in Brazil. Chile imported a total of 1.73mn t in January-May, up by 15pc from the 1.5mn t imported in the same period last year. China has been the largest supplier to Chile, shipping 62pc of the total volumes so far this year. By Lili Minton Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

News

Trump threatens Mexico, EU with 30pc tariffs


12/07/25
News
12/07/25

Trump threatens Mexico, EU with 30pc tariffs

Washington, 12 July (Argus) — President Donald Trump on Saturday said the US will impose 30pc tariffs on goods imported from Mexico and the EU beginning on 1 August. In a move that could significantly disrupt crude, refined product and other commodity flows, Trump made public on his social media platform letters sent to Mexican president Claudia Sheinbaum and European Commission president Ursula von der Leyen on Friday threatening the new tariffs. Trump also vowed to raise the tariffs even higher if Mexico or the EU were to retaliate with their own measures. The threats follow similar letters sent to leaders of other countries this past week, including a 35pc tariff on Canadian imports , likewise starting on 1 August, and a 50pc tariff on Brazilian imports . In his letter to Sheinbaum, Trump repeated previous justifications for higher tariffs by pointing to "Mexico's failure to stop the Cartels" smuggling fentanyl into the US. "Mexico has been helping me secure the border, BUT, what Mexico has done is not enough," Trump wrote. "If for any reason you decide to raise your Tariffs, then whatever the number you choose to raise them by, will be added onto the 30pc that we charge," Trump wrote to Sheinbaum. His letter to von der Leyen included similar language. Trump's previous executive orders regarding tariffs on Mexico and Canada carved out exemptions for goods compliant with the US-Mexico-Canada free trade agreement. A White House official on Friday, following Trump's 10 July Canadian tariff announcement, said the exemption will remain in place, with a caveat that Trump has yet to determine the final form of application. Regarding the EU, Trump argued the 30pc figure "is far less than what is needed to eliminate the Trade Deficit disparity we have with the EU". Mexico's ministries of the economy, foreign affairs, finance, security and energy said in a statement Saturday that they met with their US counterparts on Friday to begin negotiations to head off the new tariffs before 1 August. "We stated at the meeting that [the new tariff plan] was unfair treatment and that we disagreed." After receipt of the new tariff letter, von der Leyen said Trump's tariffs "would disrupt essential transatlantic supply chains, to the detriment of businesses, consumers and patients on both sides of the Atlantic". The US has clinched only one limited trade deal, which keeps in place a 10pc tariff on US imports from the UK while granting a lower-tariff import quota for UK-made cars. Trump has announced a deal with Vietnam, setting tariffs at 20pc. By David Ivanovich Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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USDA boosts soy view on biofuel policy changes


11/07/25
News
11/07/25

USDA boosts soy view on biofuel policy changes

St Louis, 11 July (Argus) — The US Department of Agriculture (USDA) today raised its projected US soybean crush for the 2025-26 marketing year following recent policy changes that are expected to increase domestic soybean oil demand for biofuel production. US soybean crush is expected to rise to a record 69.1mn metric tonnes (t) in the 2025-26 marketing year, the USDA said Friday in its monthly World Agricultural Supply and Demand Estimates (Wasde) report, up by 1.36mn t from the June report. The latest forecast marks a 5pc increase from volume projected for the 2024-25 marketing year. The higher outlook for soybean crush was driven by a substantial increase in anticipated soybean oil use for biofuel production, which the USDA places at 7.03mn t for the marketing year ahead, up by 27pc from the volume expected for the current marketing year. The increased biofuel use outlook follows US policy changes that significantly strengthen support for biofuels made from domestically produced feedstocks through changes to the 45Z biofuels tax credit and Renewable Identification Number credits generated through the Renewable Fuel Standard. The US is also proposing to require record biofuel blending into the US fuel supply over the next two years, including unexpectedly strong quotas for biomass-based diesel. With the increase in soybean crush, USDA expects domestic soybean oil production will rise to a record 13.6mn t in 2025-26, up by 4.1pc from the current marketing year. Additionally, the USDA revised higher its expectation for soybean oil imports in 2025-26 to 200,000t, up by 13pc from the current marketing year. Following an elevated export rate over the first half of the current marketing year, US soybean oil exports are projected to collapse in 2025-26, down by 73pc from the current marketing year to 318,000t. The reduction in exports, in combination with increased supply, is projected to exceed the gains in biofuel demand, increasing stocks to 758,000t by the end of the 2025-26 marketing year, up by 15pc from the inventory level projected for the end of 2024-25. Soybean meal supplies swell The jump in soybean oil demand is as also expected to result in a record level of US soybean meal production in 2025-26, up 4.5pc from 2024-25 to 54.3mn t, according to USDA. Both domestic use and exports of soybean meal are projected higher for the next marketing year following the increased supply outlook. US soybean meal exports are projected to reach 17mn t, up 7.5pc from 2024-25, while US soybean meal domestic use is projected to rise by 2.8pc to 37.9mn t. Soybean mean stocks are projected to increase as well, reaching 431,000t by the end of 2025-26, up 5.6pc from the level projected for the end of the 2024-25 marketing year. By Ryan Koory July 2025 USDA projections 2025-26 Chg from Jun 2024-25 Chg from Prior MY U.S. soybean oil supply and use ( mn t ) Supply -Beginning stocks 0.66 - 0.70 - -Production 13.59 0.27 13.06 - --Extraction ratio (pc) 19.67 0.00 19.83 - -Imports 0.20 0.07 0.18 -0.05 Total supply 14.46 0.34 13.95 -0.05 Use -Domestic disappearance 13.38 0.73 12.11 -0.14 --Biofuel 7.03 0.73 5.56 -0.39 --Food, feed and other Industrial 6.35 - 6.55 0.25 -Exports 0.32 -0.45 1.18 0.09 Total use 13.70 0.27 13.29 -0.05 -Ending stocks 0.76 0.06 0.66 - -Stocks-to-use (pc) 5.53 0.36 4.95 0.02 U.S. soybean meal supply and use ( mn t ) Supply -Beginning stocks 0.41 - 0.41 - -Production 54.30 1.04 51.98 - --Extraction ratio (pc) 78.54 -0.04 78.92 - -Imports 0.59 - 0.66 0.09 Total supply 55.29 1.04 53.05 0.09 Use -Domestic disappearance 37.90 0.41 36.85 0.09 -Exports 16.96 0.64 15.79 - Total use 54.86 1.04 52.64 0.09 -Ending stocks 0.43 - 0.41 - -Stocks-to-use (pc) 0.79 -0.02 0.78 -0.00 October-September markeing year — USDA, Argus Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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